Kerala State Financial Enterprises (KSFE), a state-run miscellaneous non-banking financial company (MNBC), has become the first MNBC in India to surpass a business turnover of ₹1 lakh crore. The remarkable feat was achieved by doubling its turnover from ₹50,000 crore in just four years, reflecting robust growth, sustained profitability, and deep public trust.
Milestone Celebration
A grand event commemorating this milestone was inaugurated by Kerala Chief Minister Pinarayi Vijayan at the Central Stadium, Thiruvananthapuram.
Finance Minister K. N. Balagopal chaired the function, which featured the launch of the “KSFE Onam Samriddhi Gift Card” by Food and Civil Supplies Minister G. R. Anil.
Popular Malayalam actor Suraj Venjaramoodu, KSFE’s brand ambassador, graced the occasion as the chief guest.
Financial Highlights & Contributions
Turnover Growth: KSFE scaled from ₹50,000 crore to ₹1 lakh crore in just four years—a testament to operational excellence and public confidence.
Profitability: The MNBC reported a net profit of ₹512 crore for FY 2024–25, affirming its financial resilience.
Public Good: Over the past four years:
Extended ₹504 crore in interest waivers, aiding financially strained customers.
Contributed around ₹920 crore to the Kerala state government in various forms.
Holds approximately ₹8,925 crore in fixed deposits with the state treasury, enhancing fiscal stability.
Significance in the NBFC Landscape
First of Its Kind: KSFE’s ₹1 lakh crore milestone marks a historic first among MNBCs in India.
Public Sector Strength: Its sustained profits and social contributions illustrate the efficacy of a state-run financial institution—a model distinct from traditional NBFCs.
Financial Inclusion & Trust: KSFE continues to serve as a preferred financial partner for millions, anchored by its transparent operations and customer-centric services.
